ETHUSD 12/1/2020
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Majority of the time frames favors the bulls with only one-time frame bearish 1HR.
Elliot Wave Forecast
First of all, the month of November 2020 closed in a very big bullish engulfing candle with a 59% gain for one month. There is a high likelihood of making extreme gain on December 2020. I think resistance is just temporary barrier for the price to moved up. There is a high probability that ETH has bottomed and seeking higher price.
1W
Bullish Convergence
1D
Bullish Divergence and Convergence
4HR
Likely to have a pullback before going up
1HR
Bearish Divergence
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
Technical Analysis
Majority of the time frames favors the bulls with only one-time frame bearish 1HR.
Elliot Wave Forecast
First of all, the month of November 2020 closed in a very big bullish engulfing candle with a 59% gain for one month. There is a high likelihood of making extreme gain on December 2020. I think resistance is just temporary barrier for the price to moved up. There is a high probability that ETH has bottomed and seeking higher price.
1W
Bullish Convergence
1D
Bullish Divergence and Convergence
4HR
Likely to have a pullback before going up
1HR
Bearish Divergence
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Nota
Focused on Weekly and DailyNota
Other TAs;
Nota
I short
Penafian
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